Block Cares Corporation

Analysis

Block Cares Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Block Cares Corporation reported income of $150k and spending of $113k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $150k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Block Cares Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Pawling Yoga and Wellness ($150k), Living Inclusively for Everyone Inc ($150k) and U S Institute Against Human Trafficking Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.